Grinn, Inc.offers terms of 2/10, n/30 to credit customers.Great Buy Corp.purchased 100 tile cutters with a list price of $20 each on March 5, 2016, on account.If Great Buy Corp.pays the amount of the invoice for its purchase on March 14, 2016, how much cash will Grinn receive from Great Buy Corp.?
A) $1,764
B) $2,000
C) $1,800
D) $1,960

Question

Grinn, Inc.offers terms of 2/10, n/30 to credit customers.Great Buy Corp.purchased 100 tile cutters with a list price of $20 each on March 5, 2016, on account.If Great Buy Corp.pays the amount of the invoice for its purchase on March 14, 2016, how much cash will Grinn receive from Great Buy Corp.? ​
A) $1,764
B) $2,000
C) $1,800
D) $1,960

Quizplus · Accepted Answer

The Answer of Grinn, Inc.offers terms of 2/10, n/30 to credit customers.Great Buy Corp.purchased 100 tile cutters with a list price of $20 each on March 5, 2016, on account.If Great Buy Corp.pays the amount of the invoice for its purchase on March 14, 2016, how much cash will Grinn receive from Great Buy Corp.? ​
A) $1,764
B) $2,000
C) $1,800
D) $1,960